$ALGO at $0.11270, but volume is only 0.7x average.
This rally has no fuel behind it.
I won’t chase a move that’s barely above its 7-day norm.
The market isn’t committing.
Watch for an hourly close above $0.11480.
Or a bounce off $0.10780 with volume turning up.
It could keep running without you.
A bad entry costs more than a missed move.
Chasing $ALGO here, or waiting for 0.10780?
Binance data as of 23 Sep 07:00 UTC.
#ALGO #RiskManagement
This rally has no fuel behind it.
I won’t chase a move that’s barely above its 7-day norm.
The market isn’t committing.
Watch for an hourly close above $0.11480.
Or a bounce off $0.10780 with volume turning up.
It could keep running without you.
A bad entry costs more than a missed move.
Chasing $ALGO here, or waiting for 0.10780?
Binance data as of 23 Sep 07:00 UTC.
#ALGO #RiskManagement